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Terrorism: Money Laundering

Volume 459: debated on Friday 20 April 2007

To ask the Secretary of State for the Home Department how many terrorist investigations have been assisted following the introduction of the money laundering regulations 2003. (132793)

I have been asked to reply.

Financial investigation is a fundamental part of all counter-terrorist investigations. The Money Laundering Regulations 2003 place a number of requirements on the regulated sector, such as to identify their customers and hold customer records, and to have in place other procedures which in turn support the reporting of suspicious activity, which have proved valuable in the wider terrorist effort.